IC Markets vs Kot4x - Fees Review included
Which broker is better IC Markets or Kot4x? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.62 out of 10. Kot4x is one of the top brokers in the financial market with the TU Overall Score of 6.08 out of 10. Find out more about TU Overall Score.
Feature | IC Markets | Kot4x |
---|---|---|
Overall |
4.7 |
3.1 |
5 |
1 |
|
4.9 |
4.2 |
|
4.6 |
3.5 |
|
Investment Instruments |
4.9 |
1 |
Platforms and Charting Tools |
4.4 |
3.5 |
Deposit and Withdrawal |
4.6 |
3.7 |
Research |
4.3 |
2.4 |
Education |
4.4 |
2.3 |
Support |
4.6 |
3.4 |
Bonuses |
2.5 |
4 |
|
|
IC Markets vs Kot4x: Pros and Cons
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
The Kot4x Broker (kot4x.com) is an online Forex cryptocurrency and CFD broker with advanced technologies for trading on the financial markets. The company provides a secure ECN trading environment and offers over 250 trading instruments, including cryptocurrencies. Kot4x doesn’t limit trading strategies. It charges low trading fees and allows payments in bitcoins.
IC Markets | Kot4x | |
---|---|---|
Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | ECN STP trading model |
Advanced ECN trading | Crypto CFDs | |
Order execution speed 40 mc | 20% withdrawal bonus | |
Free VPS | Funding up to $200k for pro traders | |
Trading servers in New York and London | BTC withdrawal | |
Strong regulation | ||
2000+ trading assets, 60+ currency pairs | ||
EURUSD Average spread 01 pip | ||
Overall Cons | No forex bonuses | Not regulated broker |
World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | Weak research and education | |
No passive income tools | ||
High ECN trading fees |
IC Markets vs Kot4x: Safety and Regulation
Regulated By: | IC Markets | Kot4x |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
AFCA (Australia) |
No |
Other Regulators |
Yes |
Kot4X is unregulated forex broker |
IC Markets vs Kot4x: Trading Conditions
Trading Conditions | IC Markets | Kot4x |
---|---|---|
Minimum Deposit |
$200 |
$25 |
Trading Platforms |
MT4, MT5, cTrader |
МТ4 |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Forex CFDs on Crypto, Metals, Indices, Stocks |
Trading assets |
2000+ |
250+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Standard, PRO, VAR, MINI |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
|
IC Markets vs Kot4x: Fees
Forex Trading Fees
Fee | IC Markets | Kot4x |
---|---|---|
Standard Account EURUSD Average Spread |
0.62 pips |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
$7 |
ECN Account EUR Average Spread |
0.02 pip |
0.5 pips |
CFD Trading Fees
Fee | IC Markets | Kot4x |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | IC Markets | Kot4x |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No for BTC withdrawal |
Inactivity Fee |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IC Markets vs Kot4x: Trading Assets
Asset Name | IC Markets | Kot4x |
---|---|---|
Overall |
2000+ trading assets |
250+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
IC Markets or Kot4x: Investment Programs
Asset Name | IC Markets | Kot4x |
---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Kot4x or IC Markets
IC Markets | Kot4x | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
No |
Others |
No |
No |
|
|
IC Markets vs Kot4x: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | IC Markets | Kot4x |
---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
Yes |
IC Markets vs Kot4x: Research
Research Type | IC Markets | Kot4x |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
IC Markets vs Kot4x: Education
Education Type | IC Markets | Kot4x |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
Kot4x vs IC Markets: Support
Support Features | IC Markets | Kot4x |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
IC Markets vs Kot4x: Forex Bonuses and Promo
Promo | IC Markets | Kot4x |
---|---|---|
Forex Bonus |
Not offered |
20% withdrawal bonus |
Affiliate Program |
% of trading commissions |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on Kot4x
-
Comment
I do not agree with many negative reviews of kot4x. There are nuances and shortcomings, as everywhere else. However, you should not report deception or fraud on the part of the broker. I myself trade with two companies, one of which is kot4x. I withdrew my profits many times, and they sent the money to me. So this is definitely not a scam.
-
Comment
The company Kot4x has problems with withdrawing to the electronic wallet, they said that the wallet is not in my name, even though this wallet was verified by me. It's nonsense because I funded the account from it! Tried to withdraw only $70, they won't allow it. Looks like Kot4x is a scam! Or they have technical problems with the software.
-
Comment
I didn't like the Kot4x company. Despite not having a lot of experience, even I understand that their trading conditions are unfavorable. Moreover, there are frequent disruptions in the terminal, and I have to constantly reload it throughout the trading day. This speaks volumes. In general, I'm switching from Kot4x to another broker. I wouldn't recommend this one for trading.
-
Comment
The broker Kot4x is far from transparent in its conditions. For example, the company's website states that clients are provided with an ECN account. However, the ECN system implies instant order execution without any delays. In the Kot4x terminal, orders are opened for several minutes. The last time, my order took six minutes to process. This is very long, and I had to close this order with a significant loss. Trading and making a profit under such conditions is impossible.
-
Comment
Kot4x is very dubious and it seems that its main goal is to make traders lose their deposits. I opened an account with this broker and quickly lost my deposit. When I decided to withdraw the remaining funds, the process took more than three weeks. It was awful and nerve-wracking. Therefore, I always advise you to avoid Kot4x!
Top 5 Reviews on IC Markets
-
Comment
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
-
Comment
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
-
Comment
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
-
Comment
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.